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Technology Stocks : Cray, Inc. CRAY
CRAY 35.010.0%Sep 25 5:00 PM EST

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From: FJB11/17/2009 7:52:59 AM
   of 257
 
Cray Unveils "Cash-for-Clusters" Buy-Back Program
Press Release
Source: Cray Inc.
On 7:30 am EST, Tuesday November 17, 2009
SEATTLE, WA--(Marketwire - 11/17/09) - Out with the old and in with the new. Global supercomputer leader Cray Inc. (NASDAQ:CRAY - News) today announced its own take on the U.S. government's recent "cash-for-clunkers" program by launching a new buy-back program for installed or used clusters or workstations. Cray's "cash-for-clusters" program allows workstation and cluster users to trade in their current systems for credit towards the purchase of a new Cray supercomputer.

"With a nod to the popular 'cash-for-clunkers' auto program, our 'cash-for-clusters' buy-back program gives workstation and cluster users a financial incentive to free themselves of their outdated systems," said Ian Miller, senior vice president of the productivity solutions group and marketing at Cray. "Simply give us your old workstations and clusters from any vendor, such as SGI, HP, Sun, IBM, Appro and Verari Systems and we will give you top dollar as a trade-in towards the purchase of a new Cray supercomputer -- it's as easy as that."

Participants in the program can apply their trade-in credits towards the latest in high performance computing systems from Cray, including the Cray CX1(TM) deskside system, the CrayXT6m(TM) midrange system and the industry-leading petascale Cray XT6(TM) supercomputer. To qualify for the program, the trade-in system must be a cluster or high-end workstation between two and four years old, have been under a continual maintenance agreement since original delivery and still be in working order.

Under a special arrangement with XS International (XS), participants in Cray's "cash-for-clusters" program will need to provide information on the cluster or workstation they wish to trade in. Cray will then work with XS to develop a proposal that provides the customer with value for the traded-in system that can be applied toward the purchase of a new Cray system.

More detailed information on Cray's "cash-for-clusters" supercomputer promotion is available by contacting a Cray representative at clustercash@cray.com.

About Cray Inc.

As a global leader in supercomputing, Cray provides highly advanced supercomputers and world-class services and support to government, industry and academia. Cray technology is designed to enable scientists and engineers to achieve remarkable breakthroughs by accelerating performance, improving efficiency and extending the capabilities of their most demanding applications. Cray's Adaptive Supercomputing vision is focused on delivering innovative next-generation products that integrate diverse processing technologies into a unified architecture, allowing customers to surpass today's limitations and meeting the market's continued demand for realized performance. Go to www.cray.com for more information.

Cray is a registered trademark, and Cray CX1, Cray XT6m and Cray XT6 are trademarks of Cray Inc. Other product and service names mentioned herein are the trademarks of their respective owners.
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